Ben Shulman Acquires Retail Property On Hyperion Ave In Silver Lake For $2M
SOLD
$2,000,000
California
See Similar DealsRetail2,500 SF
Sold 08/30/2021
SOLD
Ben Shulman Acquires Retail Property On Hyperion Ave In Silver Lake For $2M
2810 Hyperion Ave, Silver Lake, Los Angeles, CA, USA
See Similar DealsRetail2,500 SF
Sold 08/30/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$800
Total Square Footage:2,500 SF
Transaction Type:Sale
Located at 2810 Hyperion Ave in Silver Lake, this retail property was recently sold in a closed transaction. The property spans a total of 2,500 square feet with a price per square foot of $800. The sale price for this transaction was $2,000,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,000,000
- Date: 08/30/2021
- Buyer: Ben Shulman
- Seller: Monte Overstreet
- Brokers: Elan Kermani - CityStreet Commercial
Elan Kermani from CityStreet Commercial represented both the buyer, Ben Shulman, and the seller, Monte Overstreet, in this transaction. The sale of this retail property on Hyperion Ave marks a significant deal in the Silver Lake market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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